We Help Well Qualified Buyers Find Great Rates In Iowa
(515) 771-9998

Lending F.A.Q.

What is the going interest rate?   

This depends on a lot of factors and because we work with so many lenders and each client is different and desires different things, quoting a rate is easier to do once we have a few details.



How much money do I need for down payment?

There are programs that offer as little as 1% down, however you may be surprised once you look at several programs with higher down payments that offer lower payments and costs.  Being educated about multiple options is important so you know the cost of what you are choosing for a product.



What is the minimum credit score to qualify?

This depends on the product and lender, but we require a minimum middle credit score of 640.  We have credit repair agencies who can help.



How long does it take to get a pre-approval?

Less than 24 hours…Easier and faster than you might think.



Do you handle FHA & VA loans? 

We specialize in Conventional Fannie Mae and Freddie Mac loans, but have associates that specialize in these products as well as USDA loans.  We can help you determine which loan best fits your needs and situation.



Can you offer a loan with no PMI and little down payment money?

Yes, we have wonderful products to help you save money and lower your monthly mortgage with lower down payment options.



Can you do a loan with no closing costs?

Yes, we walk you thru several rate options that give you the opportunity to avoid any and all closing costs.



Customer Comments
We have used Angela, First Rate Mortgage, for our new mortgage and two refinances and we have had very good experiences with all three transactions. Angela is very knowledgeable and has access to the resources to always find the best rate available at the time. It was always easy to stay in touch, whether in person, email or on the phone, with her during the document completion process and she was always quick to respond to any question, no matter how unimportant or insignificant it may seem to be.

Dave S.
West Des Moines, IA

Equal Housing Lender    Lending Integrity